SK hynix logs record Q3 operating profit of $62.8 bil.

SK hynix announced a record Q3 operating profit of $62.8 billion, surpassing their previous quarterly earnings mark. The company's revenue and operating profit for the July-September period were reported at 104.6 trillion won and 83.33 trillion won, respectively. Revenue increased by 328% year-on-year, while operating profit surged by 632%. This marked the first time SK hynix's quarterly revenue exceeded 100 trillion won. The company's operating profit margin reached an impressive 80% during the three-month period.

Brokerage analysts had anticipated SK hynix sales of 98.23 trillion won and operating profit of 76.96 trillion won for the quarter. The company attributed its growth to the rising shipments of high bandwidth memory 4 (HBM4) and a sharp increase in server memory sales. Both sales contributed to the company's DRAM business growth. In the NAND segment, sales of enterprise solid-state drives (eSSDs) also rose, sustaining growth across high-value-added products for data centers.

SK hynix's forecast indicated that the global memory supply shortage is likely to persist through 2030. This projection is due to ongoing productivity gains and new developments in the industry.